30 Nov 2011 07:00
Westmount Energy Limited
("Westmount" or the "Company")
Appointment of Directors
Further to the announcement made on 29 November, the Board of Westmount is pleased to now confirm the appointment of Gerry Walsh and Thomas O'Gorman to the Board. The Company has now applied for admission to trading of 2,200,000 ordinary shares of 20 pence in the Company and it is expected that dealings will commence on 5 December 2011.
Directors' Dealing
The Board of Westmount has resolved to grant options at a strike price of 20 pence, being the average closing price for a period of 30 days prior to the grant, to the following Directors of the Company:
Director and proposed director | No of options granted | Total options holding post grant |
Mervyn Bradlow | 400,000 | 550,000 |
Peter Richardson | 100,000 | 150,000 |
Thomas O'Gorman | 500,000 | 500,000 |
Gerry Walsh | 500,000 | 500,000 |
In addition the Board has resolved to re-price the following options granted to certain directors on 22 September 2009 to a revised strike price of 20 pence from 17 pence in order for the strike price to be at the same level as the nominal share price of an ordinary share in the Company.
Director | No of options re-priced |
Mervyn Bradlow | 150,000 |
Peter Richardson Paul Anderson | 50,000 50,000 |
Mervyn Bradlow - Westmount Energy Limited Tel: 020 7009 4972
Nicholas Wells / Elizabeth Bowman - Cenkos Securities plc Tel: 020 7397 8924
Westmount Engy. (WTE)